Wheaton Precious Metals (WPM) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WPM shares.
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9 analysts have issued twelve-month price targets for Wheaton Precious Metals' stock. Their WPM share price forecasts range from $37.00 to $62.00. On average, they anticipate the company's share price to reach $50.61 in the next year. This suggests a possible upside of 16.8% from the stock's current price.
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Wheaton Precious Metals' stock was trading at $39.08 at the beginning of the year. Since then, WPM stock has increased by 10.9% and is now trading at $43.33.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our WPM earnings forecast.

Wheaton Precious Metals Corp. (NYSE:WPM) released its earnings results on Friday, August, 11th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The business earned $264.97 million during the quarter, compared to the consensus estimate of $250.73 million. Wheaton Precious Metals had a trailing twelve-month return on equity of 6.61% and a net margin of 65.87%. Wheaton Precious Metals's quarterly revenue was down 12.5% compared to the same quarter last year. During the same period last year, the business earned $0.33 earnings per share.

Wheaton Precious Metals announced a quarterly dividend on Thursday, August 10th. Shareholders of record on Friday, August 25th will be given a dividend of $0.15 per share on Thursday, September 7th. This represents a $0.60 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, August 24th.
Read our dividend analysis for WPM.

iShares North American Natural Resources ETF holds 112,445 shares of WPM stock, representing 0.84% of its portfolio.

Wheaton Precious Metals (NYSE:WPM) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.38%. The dividend payout ratio is 44.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WPM will have a dividend payout ratio of 44.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WPM.

Based on aggregate information from My MarketBeat watchlists, some companies that other Wheaton Precious Metals investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Rogers Communications (RCI), Open Text (OTEX), Valeant Pharmaceuticals International (VRX) and Toronto-Dominion Bank (TD).

Wheaton Precious Metals trades on the New York Stock Exchange (NYSE) under the ticker symbol "WPM."

Wheaton Precious Metals' stock is owned by a variety of retail and institutional investors. Top institutional investors include Capital World Investors (7.06%), Van ECK Associates Corp (4.22%), Vaughan Nelson Investment Management L.P. (1.11%), Mirae Asset Global Investments Co. Ltd. (1.05%), BlackRock Inc. (0.87%) and Bank of Nova Scotia (0.86%). Insiders that own company stock include Chantal Gosselin, Curzio Domenico Bernardi, Douglas Martin Holtby, Eduardo Luna, Gary Duncan Brown, George Leslie Brack, Haytham Henry Hodaly, John Brough, Patrick Eugene Drouin, Randy Smallwood and Randy V J Smallwood.
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Shares of WPM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WPM stock can currently be purchased for approximately $43.33.

Wheaton Precious Metals (NYSE:WPM) has a market capitalization of $19.62 billion and generates $934.32 million in revenue each year. The company earns $669.13 million in net income (profit) each year or $1.36 on an earnings per share basis.

Wheaton Precious Metals' mailing address is 1021 WEST HASTINGS STREEET SUITE 3500, VANCOUVER A1, V6E 0C3. The official website for the company is www.wheatonpm.com. The company can be reached via phone at (604) 684-9648, via email at info@silverwheaton.com, or via fax at 604-684-3123.